TOKYO – Japan's factory activity contracted for the sixth straight month in April, but the details of a private survey released on Monday showed the manufacturing sector was edging towards stabilization amid a slower decline in new orders. The final au Jibun Bank Japan Manufacturing Purchasing Managers' Index was up slightly at 49.5 in April from March's 49.2, and matched the flash reading. New orders contracted at the softest pace since July while remaining below the 50.0 threshold for a tenth consecutive month as inbound demand stabilized moderately.

https://business.inquirer.net/398621/japans-april-factory-activity-contracts-at-slower-pace-pmi

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